Day: November 4, 2019

Kadena Mainnet Goes Live, New $20 Token Sale Starts Tomorrow

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The Kadena network, which is led by JPMorgan blockchain veterans, has gone live on Monday, with the firm announcing a new $20 million token sale. Kadena mainnet launch unlocks mining Kadena coins According to an announcement on Nov. 4, Kadena has launched its mainnet Chainweb alongside the Kadena token wallet Chainweaver. The firm is also planning to carry out its third token sale from Nov. 5–Nov. 22. As specified on Kadena’s website, the launch of Kadena’s mainnet means that miners can participate in the Kadena public blockchain network and mine…

Big Move Brewing as $9.5K Becomes Next Key Battleground

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Bitcoin price (BTC) closed the week at $9,207, down 3.66%. Despite a surprisingly low volatility weekend, the bulls helped keep Bitcoin price above $9,000 for 10 days and at the time of writing the price continues to consolidate. So far Monday has brought a move higher to retest $9,300, representing a 1% gain. EOS (EOS) and Ether (ETH) have had notable gains on the day with EOS trading over $3.50 and Ethereum at $185. The total crypto market cap is $249 billion, with Bitcoin dominance at 67.2% Cryptocurrency market daily…

SIM-Swap Victim Sues Crypto Exchange Bittrex for $1M Bitcoin Theft

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Gregg Bennett, a SIM-swap hack victim and angel investor, sued cryptocurrency exchange Bittrex over allegedly allowing the theft of nearly $1 million in Bitcoin (BTC). According to a press release published on Oct. 30, Bennett believes the exchange violated its own security standards and allowed hackers to steal his cryptocurrency in April. The lawsuit, filed in King County Superior Court, suggests that the exchange committed “unfair and deceptive acts that misrepresented its level of security.” A SIM-swapping attack The hackers reportedly took control of Bennett’s mobile number and then used…

The Five Worst Hacks That Shook the Crypto World

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In tandem with improvements in technology and security, hackers have started getting more creative with the scams and hacks they carry out. You could be one click away from malware, causing harm to your files and crypto assets. If you’re on a network that is used by billions of people every day, then I would like to burst the bubble and tell you that no matter what, you are prone to hacking. Hacking is the act of gaining unauthorized access to someone’s system to steal their data and files or…

Chinese are Not Coming to Bag Bitcoin: Analyst

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The bitcoin price climbed by more than 40 percent after China’s President Xi Jinping endorsed blockchain technology in his speech on October 25. Global outlets were quick to correlate the two events, stating that investors [probably] increased their holdings in bitcoin, hoping that the Chinese people would also do the same by taking cues from Jinping’s blockchain support. But, according to market analyst Alex Krüger, the benchmark cryptocurrency will have a difficult time attracting the Chinese population. The economist on Sunday noted that bitcoin corrected by as much as 14…

Venezuelan Team Develops an Electricity-Free Bitcoin Payment Solution

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2019 was a tough year for Venezuela’s energy consumers as the country faced several blackouts. In fact, one of the first widespread blackouts in the country began on March 7th and last through 14th March; it was the longest blackout in the history of the country. Several more blackouts followed this one and reportedly dozens of people died. Interestingly, a Guardian article suggests that blackouts are going to be more common in the country in the future. The lack of electricity in the country has inspired the likes of Randy…

Court Orders $4M in Penalties for Investment Fraud Involving ATM Coin

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A New York court has ordered defendants to pay $4.25 million in penalties for investment fraud involving the cryptocurrency ATM Coin. Case first brought by the CFTC in April 2018 On Nov. 1, the United States Commodity Futures Trading Commission (CFTC) announced that the U.S. District Court for the Eastern District of New York has entered an order against several entities for committing fraud and misappropriating client funds. The defendants include Blake Harrison Kantor and Nathan Mullins as well as four related corporate entities: United Kingdom-based Blue Bit Banc, Turks…

BitMEX Says Quality Check ‘Failure’ Led to Email Privacy Breach

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BitMEX says its internal processes “failed” last week, subsequently exposing thousands of the exchange’s clients to privacy risks. In a company blog posting on Monday, the crypto-derivatives exchange said its mass emailing operation failed causing “most BitMEX users” to have their email addresses publicly exposed via carbon copy (CC) on Nov. 1. Data provider Skew says BitMEX has some 22,000 daily users, though the number of email addresses exposed is likely significantly higher. With major email servers imposing restrictions on bulk emailing, the firm said: “To remedy this, we built…

BitMEX Says Quality Check ‘Failure’ Led to Email Privacy Breach

boss

BitMEX says its internal processes “failed” last week, subsequently exposing thousands of the exchange’s clients to privacy risks. In a company blog posting on Monday, the crypto-derivatives exchange said its mass emailing operation failed causing “most BitMEX users” to have their email addresses publicly exposed via carbon copy (CC) on Nov. 1. Data provider Skew says BitMEX has some 22,000 daily users, though the number of email addresses exposed is likely significantly higher. With major email servers imposing restrictions on bulk emailing, the firm said: “To remedy this, we built…

500.com Limited Releases Intel on Blockchain Technology for China’s Lottery Industry

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About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…